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RNFI Money gets RBI approval to undertake cross-border trade remittancesRNFI Money, a wholly owned subsidiary of RNFI Services, has received RBI approval to undertake cross-border trade remittances. The licence ...- RBI issues norms on capital requirements for market risk under Basel III for banksAs of April 1, 2027, banks are prohibited from reclassifying instruments to achieve lower capital requirements under the new market risk gu...
- India must rethink cross-border payments beyond corridors, put customers first: DeloitteA shift from corridor-led expansion to customer-centric design forms the core principle needed to drive the next stage of India's cross-bor...
- MDR fears groundless, AI accountability lies with boards: RBI Dy Governor SC MurmuTackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in Mumbai, Reserve Ban...
- UPI MDR kicks in October 15: RBI DG says merchant fee on payments above Rs 2,000 won’t trigger cash surgeIn a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encoura...
- Sebi to examine discount brokers’ concerns over new UPI MDRSebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting O...
- Registration of Births and Deaths (Amendment) Act to come into force on Oct 1New regulations for delayed birth and death registrations will begin on October 1, 2026. This law requires judicial intervention for regist...
- UPI MDR: 10 UPI transactions that will attract MDR charges; what’s the maximum you will payA new UPI framework will implement fees on certain merchant transactions while keeping person-to-person payments and transactions under two...
- Govt tells cab aggregators to stop advance tipping before rides, calls practice misleading and unfairDue to concerns over misleading practices, the government has mandated that cab aggregators remove the option for advance tipping. Authorit...
- UPI fee: Why govt is putting a price on big merchant paymentsThe National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-sellingIRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old cus...
- Consumer watchdog steps up probe into Apple on iOs 18 software update issuesConsumer watchdog investigates Apple for potential iOS 18 user rights violations. This probe follows numerous complaints regarding device m...
- India ramps up preparedness for European Union's carbon tax; verifiers begin EU registry accessIndia is taking proactive steps by establishing a committee dedicated to assisting exporters in fulfilling the EU carbon tax requirements. ...
- Consumer protection body imposes Rs 10 lakh penalty on Rapido for use of dark patternsThe consumer watchdog found that Rapido used two practices classified as dark patterns - “confirm shaming” and “interface interference” - a...
- NCLT rejects Jet Airways' liquidator plea seeking Rs 500 crore from BoeingThe National Company Law Tribunal dismissed Jet Airways' plea for a refund from Boeing. The tribunal cited a contractual dispute over advan...
- Banks seek RBI nod to use new rules for old trade mismatchesBanks want RBI approval to apply new rules for closing old trade deals. These unsettled transactions have accumulated to nearly one lakh cr...
- Insolvency regulator mulls tighter safeguards for personal guarantee insolvencyIndia’s insolvency regulator is proposing tighter safeguards for personal guarantor cases, including zero voting rights for related-party c...
- India plans AI registry as it looks to roll out agentic payments, sources sayThe landscape of digital finance is evolving as India's payments authority creates a registry specifically for AI agents. This registry aim...
- Agentic payments could test India’s data-localisation rules: Cashfree’s Reeju DattaIndia's payment rules may require review as AI agents transact for consumers. Personal AI agents could store card credentials outside the c...
- RNFI Services gets RBI in-principle nod to operate as payment aggregatorRNFI Services has received in-principle RBI authorisation to operate as a Payment Aggregator-Physical (PA-P), allowing it to expand into of...
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